What is the rental vacancy rate in Franklin Park, NJ?

The rental vacancy rate in Franklin Park, NJ is 0.0% (±1.9 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.0% (±1.5 points).

0 (±22) homes, 0.0% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Franklin Park, the rental vacancy rate went from 1.7% in 2015–2019 to 0.0% in 2020–2024 (−1.7 percentage points), not a measurable change.

Figures last updated on .

Rental vacancy rate
0.0% (±1.9 points)
Homeowner vacancy rate
0.0% (±1.5 points)
Vacant homes
0 (±22)

Vacancy in Franklin Park against Somerset County, its state and the nation

Estimate (90% margin of error)
Franklin ParkSomerset CountyNew JerseyUnited States
Rental vacancy rate0.0% (±1.9 points)2.0% (±0.8 points)3.5% (±0.2 points)5.5%
Homeowner vacancy rate0.0% (±1.5 points)0.3% (±0.2 points)0.7% (±0.1 points)0.9%
Vacant housing units0 (±22)2,837 (±431)283,653 (±4,943)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Franklin Park, the rental vacancy rate is not measurably different from Somerset County (2.0%).

It is also lower than in New Jersey (3.5%).

It is lower than the national figure (5.5%).

Rental vacancy rate in places near Franklin Park

Nearest places with a published estimate, compared with Franklin Park
PlaceDistanceRental vacancy rateCompared with this place
Franklin Park—0.0% (±1.9 points)—
Six Mile Run1.8 mi3.5% (±5.5 points)Not measurably different
Kendall Park2.4 mi0.0% (±8.2 points)Not measurably different
Ten Mile Run2.8 mi0.0% (±29.0 points)Not measurably different
Deans3.2 mi0.0% (±65.9 points)Not measurably different
North Brunswick Township3.3 mi0.1% (±0.2 points)Not measurably different
Voorhees3.7 mi0.0% (±13.3 points)Not measurably different
Blackwells Mills3.9 mi0.0% (±25.5 points)Not measurably different
Middlebush4.0 mi0.0% (±100.0 points)Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Somerset County, place by place

RankPlaceRental vacancy rate
7East Franklin1.6% (±2.5 points)
8 (tie)Belle Mead0.0% (±5.9 points)
8 (tie)Blackwells Mills0.0% (±25.5 points)
8 (tie)Bradley Gardens0.0% (±8.5 points)
8 (tie)Bridgewater Center0.0% (±19.1 points)
8 (tie)Franklin Center0.0% (±6.4 points)
8 (tie)Franklin Park0.0% (±1.9 points)
8 (tie)Hillsborough0.0% (±2.4 points)
8 (tie)Kingston0.0% (±14.4 points)
8 (tie)Liberty Corner0.0% (±14.7 points)
8 (tie)Lyons0.0% (±71.2 points)
8 (tie)Middlebush0.0% (±100.0 points)
8 (tie)Neshanic Station0.0% (±7.9 points)

Showing 13 of 24 places in Somerset County, ranked from highest to lowest.

Franklin Park is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Franklin Township (Somerset County), whose figures include it.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Franklin Park

Is it hard to find a rental in Franklin Park?

The rental vacancy rate in Franklin Park, NJ is 0.0% (±1.9 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Franklin Park tighter than it was?

In Franklin Park, the rental vacancy rate went from 1.7% in 2015–2019 to 0.0% in 2020–2024 (−1.7 percentage points), not a measurable change.

How many homes are vacant in Franklin Park?

An estimated 0 (±22) housing units, 0.0% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Franklin Park CDP, New Jersey (place:25020, in state:34).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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